Electricity Saving Tips For Homes And Offices

Solar Panel Price in India

By on June 17, 2015

Electricity is becoming expensive with each passing day and more people are getting interested in using solar energy to meet their electricity needs. Power cuts and dependence on DG sets is making people look for more and better sources. Solar PV panels provide a very good alternative. Ministry of New and Renewable Energy (MNRE), Government of India is also promoting solar PV systems under the Jawaharlal Nehru National Solar Mission in the country. They also provide subsidy to people buying solar panels under this scheme. There are a lot of people keen in buying solar panels in India so we thought of doing a research on price of solar panels. Below is our research on price of solar panels:

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As per our resources from the solar PV industry, cost of a PV module (just the panel) costs anywhere between Rs 30 to Rs 60 per watt of power generated (depending on the quantity you are buying). A good imported module will cost around Rs 40-45 per watt (for bulk transactions, not for retail). Good ones manufactured in India would come as low as Rs 30-32 per watt (for bulk transactions, not for retail). Please note that this is the cost for the panel and in case you are looking for inverter and batteries, the cost would be additional. A good 5 kW system for a home would cost around Rs 5-7 lakhs to setup (at retail price of around Rs 50-60 per Wp) , which can provide electricity for 25 years. The additional operating cost will include the cost of replacing the batteries.

MNRE provides 30% capital subsidy on capital expenditures for rooftop solar systems for both commercial and residential entities for systems up to 100 kW. The government also provides loans at 5% per annum for 50% of the capital expenditure for 5 years tenure for both commercial and residential entities. Commercial entities can claim either capital or interest subsidies. (note: As on October 2014, we have heard from several vendors that subsidy is hard to get, as either the applications are not being processed or taking quite a lot of time to get processed. Please check with your vendor if they will be able to get you subsidy or not.).

MNRE has also published a list of authorized suppliers and manufacturers that is available at the links: http://bit.ly/1nEVoJh and http://bit.ly/1qyMv8D

We have also started doing some research on the prices of Solar PV Panels from various manufacturers in the country and here are some numbers from a good indian manufacturer (for bulk transaction) and some retail vendors/suppliers (for retail/small transactions):

Bulk Prices (click to expand)

Products Inputs / Watt Price / INR
Special SPV Mono 180W / 190W Rs. 34/W
Special SPV Multi 230W,240W, 245W, 280W,290W Rs. 32/W
SPV Mono 10W Rs. 53/W
SPV Mono 20W – 30W Rs. 43/W
SPV Mono 30W – 300W Rs. 41/W
SPV Multi 10W Rs. 50/W
SPV Multi 20W – 30W Rs. 40/W
SPV Multi 30W – 300W Rs. 38/W
Thin Film Multi SPV 100W Rs. 32/W

Retail Prices (click to expand)

Products Inputs / Watt Price / INR
SPV Polycrystaline Module 3W Rs. 89/W
SPV Polycrystaline Module 5W Rs. 85/W
SPV Polycrystaline Module 10W to 15W Rs. 65/W
SPV Polycrystaline Modules 18W to 40W Rs. 61/W
SPV Polycrystaline Modules 50W to 75W Rs. 59/W
SPV Polycrystaline Modules 100W to 200W Rs. 57/W
SPV Polycrystaline Modules 220W to 300W Rs. 52/W

Please note that Mono is for Monocrystaline PV cell and Multi is for Multicrystaline (or Polycrystaline) PV cell. The difference between the two is that Monocrystaline is made of single silicon crystal whereas Multicrystaline PV is made up of multiple crystals. A monocrystaline is more efficient in converting solar energy into electricity per sq meter area than a multicrystaline PV. Thus the space required for the same amount of wattage is less in monocrystaline PV panel. Thus it is costlier than a Multicrystaline PV. The choice between the two depends on the area that you have for PV installation. Also the price increases as you decrease the panel wattage. So smaller the panel you buy, costlier it is.

More details on Solar PV roof top systems are also available on our link: Roof-Top Solar PV system project for home and office

Understand more about basics of Solar PV systems on our link: Solar electric, solar thermal, power generation, inverters, grid, off-grid: clearing the cobweb

Understand more about how to get NABARD subsidy on Solar PV Systems: Procedure to get subsidy on Solar PV Systems through NABARD in India

Here is a quick video that can guide you on Rooftop Solar PV buying in India:



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453 Comments on "Solar Panel Price in India"

If you have any question or comment, please leave a message here. We try to reply to questions in the sequence they come in. We work from Monday-Friday 10AM-7PM. If we know the answer we try to reply to the question within 3 days.

Guest
Pyarelal Patel
July 4, 2015

150 wate panel 150ah batter 850 va invarter set price

Guest
Ashish
July 4, 2015

what is an average cost of installing a solar panel on a 5 storeyed building covering an area of 1000 sq. yard??

Guest
vinay kumar
July 3, 2015

Contact : Solar grid solutions for
Home/ Institutes/ hospitals/ malls/ industry/ Hotels/ apartments 1 KW to 10 MW. We provide services across India at very nominal rate which are competitive in market.

For any query call – 9312700996
visit us at : http://www.solarbird.in

Guest
AMJAD
July 3, 2015

Sir,
Iwant to know the estimate of total solar plant for water pump inmy society…kindly provide me details

Amjad saiyed

Guest
Moiz
July 3, 2015

I am planning to install 2 kW panels for my residential home. Wish to know what will be the total cost for – Solar Panel (Mono) + Inverter +Cables. Also how can one claim for 30% subsidy as stated by MNRE. Is the job of the customer to claim for subsidy or the solar company who does the work.

Guest
Umesh Kedia
July 2, 2015

i want to set up a solar pannel for my factory …my intial requirement is 150 kw ( connecting load ) and around 100 kw is working load …..what will be cost for the set up
and what happens in the night shift

Guest
rinku kumar
Today 2:09 pm

Hi umesh Ji ,

We provide solar power plant 1kw to 10 mW more information please contact 8766199346 .
[email protected]

Guest
Lalit Goyal
June 30, 2015

Hello Sir/ Ma’am,

We are providing customized solar solutions with most efficient systems in India. We are providing world class products in our projects.

We design our system as per Indian Standards. Our structure will sustain in storms too. We are providing technical consultancy to lots of solar companies.

We are providing free consultation to the interested people.

For any query, please feel free to contact us at +91-8527652687 or mail us at [email protected] or [email protected]

Thanks
Next Engineering Solutions

Guest
Avijit
June 30, 2015

What is life of best photo voltaic cell.Who manufactures best photo voltaic cell in India and what is price per cell. What does it mean by 1V 200ma or 6V 100ma.Sorry to drag in to physics,I just want to prepare my own small solar panel may be for one or two devices.

Guest
Avijit
June 30, 2015

What is maximum voltage value available in one PV cell. What is ideal price of India made.

Guest
K v choudhary
June 27, 2015

I want to know the total cost of solar inverter for 800 watt

Guest
Lalit Goyal
June 30, 2015

Dear Sir, Price of solar inverter depends on Brand, Warranty and Type (Ongrid/Hybrid). Kindly let us know your requirement. We can provide the best rates. For any query, please contact us at 08527652687 or mail us at [email protected]

Thanks
Lalit Goyal
Next Engineering Solutions
http://www.nextengineering.co.in

Guest
sunil
June 25, 2015

Many companies are charging too high for the solar plants than the actual cost and this result to people not opting for solar pv plants. My company is working in order to aware all about solar systems and start using solar power, we are working uttarakhand, UP and near areas for now but helping people from various part of our country in installing solar systems.
For any query : [email protected]
(8057300333)

Guest
Lalit Goyal
June 30, 2015

Dear Mr. Sunil,

We can provide you best solar consultancy in India. We have a strong engineering team to design the customized solutions as per customers requirement. For any query, please contact us at 08527652687 or mail us at [email protected] or [email protected]

Thanks
Lalit Goyal
Next Engineering Solutions
http://www.nextengineering.co.in

 
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